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Finlease ‘’Beyond Leasing’’ What? Where? When? Who & Why?
Finlease‘’Beyond Leasing’’
What? Where? When? Who & Why?
What is leasing?
• Financial leasing is considered as one of the major means of providing medium to long term financial services.
• It is a contract based agreement concerning two parties:
The Lessor owns the asset and leases it to the lessee
The Lessee uses the asset through the payment of defined periodic installments (rentals) for a specified period of time to the lessor and at the end the lessee gets to own the leased property.
• All of this is bound by a clear legal framework that guarantees the rights of both parties and regulates the leasing process.
Leasing Options
Financing Lease Direct Lease
• Fixed-term leasing service that is similar to a loan agreement, provided for the purchase of a capital asset where the lessee pays defined installments for an agreed upon period of time.
Sale and Leaseback
• A sale and lease back transaction is an agreement in which the lessee sells legally owned assets to the leasing company and then gets it leased back throughout an agreed upon period of time.
Operating Lease • Operating lease usually has a shorter
time frame than financial lease (significantly shorter than the useful life of the leased asset); it is somehow similar to regular rental.
Who are we?
• FINLEASE is an Egyptian growing financial leasing company currently operating in the Egyptian market.
• The shareholders are ones with decades of experience and expertise in the leasing and various financial fields.
• The company provides leasing services, with tailored solutions that are created to meet corporate capital expenditure needs for a wide variety of assets; including: commercial and administrative real estate, equipment, plant and machinery, transportation assets, systems & IT, office equipment and fleet management.
Board Of Directors
Mr. Mohamed Hassan – Chairman
Mr. Ahmed Abo Zeid –Member
Dr. Aziz Doss- Member
Ms. Marwa El Ayouti - Member
Ms. Mona El Sayed – Member
Mr. Yasser Hashem – Member
Dr. Sherif Kamel – Member
Executive Management’s Expertise
Mohamed Hassaan – Chairman
Mr. Hassaan started his career in the early 80s as a Corporate banker with Chase National Bank, followed by 10 years as a Group Treasurer for the Coca-Cola Bottling Companies of Egypt. In 2000, he established “HassaanCorporate Finance consultancy”, an accomplished Senior Executive Management Professional and Advisor offering over 35 years of experience, in the areas of Funding Structure, Debt Sourcing Restructuring, Private Equity, Pre IPO-preparatioandn, Investment Banking, Treasury, Corporate Finance, Corporate Banking, and Project Finance with an outstanding track record in leading some of the largest financial deals and business transformations in Egypt.
Mr. Hassaan served as Member of the Board of Directors at Piraeus Bank Egypt, the Nile Financial Leasing Company, Upper Egypt investment Company, and Beltone Financial EGX 30 fund. Also, as Member of the advisory board for ADIB Islamic fund and as Member of the board for Misr Beltone funds and for Finvestorsholding. He had a pivotal role in shaping these firms’ strategies and market policies through uncertain times produced by the worldwide credit crunch and the Egyptian revolution.
Ahmed Abouzeid – Managing Director
Mr. Ahmed started his career in 1995, where he first joined the corporate banking team at Commercial International Bank Egypt with a journey that lasted 10 years. This was followed by being Deputy Director General for Finance & Banking Affairs at Mohamed Abdel Mohsen Al Kharafi and Sons’ Kuwait since February 2004 till 2014. At that stage the gentleman came back to joining the Egyptian financial institutions’ market in September 2014 at the leading Egyptian leasing company “Corplease” where he successfully served the position of Chief Credit Officer. In 2015 Mr. Ahmed joined Al Safat Investment Group Kuwait as Chief Executive Officer.
Mr. Ahmed also served as Chairman and Member of the Board at The Egyptian Company for Dairy & Food products Egypt, Chairman of The Roots Stock Brokerage House, and Board Member in SenergyHolding- a listed oil company in Kuwait stock exchange. Also as Member of the Board at Emak Financial Leasing Egypt and in Kuwait Medical Center. He successfully served and mastered in the positions he fulfilled throughout his journey.
Accompanying the extensive experience for Finlease’s major shareholders and executive management, comes the company’s strategy in being oriented to attracting a precise segment of experienced calibers from the field of banking and finance, where the key functions will be served by extremely selective teams with vast experience and background in Leasing companies operations in startup phases and in maturity phases, all of this will support the company’s decision making process and flow of business tremendously, leading to the presence of a wide range of ideas from various perspectives in order to reach the optimum idea and the finest decision making approaches
Executive Management’s Expertise
Islam Nabil – AssistantGeneral Manager
As the head of the Marketing inFinlease; Mr. Isalm wasgraduated from Faculty ofcommerce (finance andaccounting)- Cairo University.He has 19+ years of experiencein different departments andpositions as sales and financialsolution services.
Ezzat El Garhy – AssistantGeneral Manager
As the Head of Credit and Risk inFinlease; Mr. Ezzat was graduatedfrom the Faculty of BusinessAdministration - Arab Academyfor Science, Technology &Maritime Transport, this wasfollowed by completing an MIBAin ESLSCA Business School. Mr.Ezzat served in many positionsthroughout the past 10 years inthe field of corporate banking andleasing.
Mortada Shaker – AssistantGeneral Manager
As the Head of Audit in Finlease;Mr. Mortada was graduatedfrom the Faculty of Commerce –Cairo University. He is a man of27 years of experience whoserved in different positions anddepartments in the field ofbanking.
Executive Management’s Expertise
Bassem Mokhtar –Investigation Manager
As the Head of Investigation inFinlease; Mr. Bassem wasgraduated from faculty ofcomputer science-ModernAcademy. He has experience of10 years in different positionsand departments in the field ofbanking and leasing.
Waleed Reda –Operations Manager
Mr. Waleed was graduatedfrom the faculty of Law –Ain Shams University. He isa man of 10 years ofexperience who served inthe Credit Control andOperations departments insome Leasing companies.
Ahmed Talal – FinanceManager
Mr. Ahmed was graduatedfrom the Faculty ofCommerce – Al AzharUniversity. He has beenworking in the Departmentof Finance in differentBrokerage Companies, andserved as FinancialManager in some of them.
What we lease?
• Leasable assets include (and are not limited) to the following: Real Estate
Production Lines
Machinery
IT equipment
Commercial vehicles
Other assets
Why Leasing?Eff
icie
nt
Cash
Cycle • Reducing your
upfront cash outlay by spreading an expense over a longer period of time.
Opport
unit
y C
ost
• Financial Leasing leaves bank lines and cash free for investments that provide higher yield.
• Financial leasing has no hidden charges unlike some other loan facilities.
Cash
Flo
w A
dvanta
ges • One of the most interesting
advantages of leasing is that the payments can be tailored to accommodate the company’s cash flow.
• Payments’ scenarios can be monthly, quarterly, semi-annually or annually, in addition to having a flexible structure as: step-up, step-down, fixed, balloon or seasonal installments
Tax B
enefi
ts
• Leasing provides the client with a tax benefit representing exemption from VAT (value added tax) which currently accounts for 14% over the cost of leased assets.
• Leasing has Higher funding to asset value
Sim
ple
& F
at • Leasing offers faster procedures
that are often less costly than other financing alternatives due to the simplicity of lease transactions.
Fle
xib
ilit
y
• Leasing offers a wide range of flexible options that purchasing equipment or standard loans do not. Leases are easily customized to meet your financial vision. From no cash up front, or grace periods, to Fair Market buyouts, or EGP 1 buyouts.
• Leasing offers the upmost flexibility with the widest range of options. Lease terms for capital equipment range from 12 months to 84 months and can be devised to keep up front costs low, give the lowest monthly payments, or make the end of lease buyout as low as possible.
Thank you!!
#3 Rd 208, Degla MaadiCairo Egypt
+202-25214403
mailto:[email protected]
